I Want to Be Rich! a Teenager's Modem to Money: Financial Planning for Teenagers [Paperback]

Karin Humbolt (Author), Jackie Kraft (Editor), M.S. Ed. (Editor), Steve Gilbreath (Illustrator)

Book Description

Publication Date: August 1, 1998

I Want To Be Rich! discusses goal setting and budgets; the importance of saving; investments like bonds, sotcks, and mutual funds; the value of a higher education and how to finance it; how to obtain credit; job hunting skills; and owning a business.

Editorial Reviews

Review

I Want To Be Rich!... A Teenager's Modem to Money (***** rating) is a must read book for all teenagers regardless of background. In I Want To Be Rich!... A Teenager's Modem to Money, Mrs. Humbolt gives the basics for financial planning that all teenagers should follow if they are going to take charge of their financial futures, rather than having their financial futures take charge of them. It is all here, budgets, taxes, inflation, wages, jobs, a college education, investing, etc. This is a book that teens should buy as an investment in their futures. The book is well suited for giving to a teen by parents, grandparents, aunts, uncles, etc. The best time start a teen on the road to financial planning is now, not 20-30 years from now. (Gregory L. Shellard ([e-mail]) from Missouri , March 19, 1999) --Gregory L. Shellard

Teens who want to be in charege of their financil future should read this book. Information about budgets, taxes, inflation, investing, stocks and bonds, starting a business and much more is presented in a clear easy to understand format. (Recommendation by Jane Fine, President of the Young Adult Library Services Association). --Miami Herald, June 25, 2000

Teens who want to be in charege of their financil future should read this book. Information about budgets, taxes, inflation, investing, stocks and bonds, starting a business and much more is presented in a clear easy to understand format. (Recommendation by Jane Fine, President of the Young Adult Library Services Association). --Miami Herald, June 25, 2000

From the Author

Have you ever wanted to buy something badly and not been able to afford it? If the answer is "Yes," then I Want To Be Rich! ... A Teenager's Modem To Money is the book for you.

Do you like money? Do you hear news reporters, teachers, or friends speak about the stock market and wonder what they're talking about? Does the name Dow Jones Industrial Average make as much sense as that foreign language class you can't quite grasp? If your answer is "Yes," this is the book for you.

Do you want to go to college, but don't know how you or your parents can afford it? Are you interested in getting a job, yet don't know how to get one that pays more than minimum wage? Do you have enough money?

These are a few of the subjects that are covered in this book about the spending, saving, and investment of money ... otherwise known as money management.

As a net worth advisor, I help adults achieve financial freedom. Many of my clients are educators, including kindergarten through twelfth grade teachers and university professors. Actually, my clients are no different than you when it comes to their knowledge or lack of knowledge about investments and the management of money. Years ago, when I was very young, I inherited some money. The result? I spent it very quickly on frivolous things. If I had invested the money, that $20,000 would today be worth approximately $41,500 if it averaged a 5% return; $83,500 if it averaged a 10% return; and $163,000 if it averaged a 15% return! At the time, it seemed like a good idea. But trust me, money spends easier than it is acquired. I became a net worth advisor so I'd never make that mistake again!

My interest in writing this book was spurred by a request from a teacher/client to conduct a money management seminar for her tenth grade class. After my presentation, I was besieged with questions from teenagers like yourself. The questions asked ranged from how to balance a checkbook to what is a mutual fund.

I learned a valuable lesson that day. Teenagers have as much curiosity, questions, and misconceptions about money and investments as adults!

If I could show you how to make $1,000,000, would you be interested? Most people would be interested. However, with the price of goods and services rising every day (a common occurrence known as inflation) a million dollars might not be enough. Difficult to believe? That's the point of this book ... to help you understand money management and the making of money from money in simple language. Please keep in mind, this book is a basic money management primer for teenagers. This is only a beginning to what you should spend a lifetime exploring ... money, how to keep it, save it, and make money from it.

My intention by writing this book is to give you suggestions to take the mystery out of money management. How to start good saving and spending habits, some do's and don'ts about investments, and tips for accumulating more money in the long run than your parents or grandparents. The circular sign that "Hal" is holding at the beginning of this chapter is the symbol for yin and yang, a Chinese theory that says for every action there is an opposite reaction. Yin and yang represent the need for balance. When it comes to money management, we also need balance. You should be pleased to know that one of the biggest secrets of accumulating money and wealth is time! And as a teenager, time is on your side. While the secret of time alone may not make you a millionaire, I can assure you that if you read this book and put into practice the tips and suggestions contained herein, you will know more about money and the making of money than the majority of grown-ups. Throughout this book you will see various words highlighted in bold type. When a word in bold type is not familiar to you, turn to the glossary at the back of this book and study the definition. If a word is not in bold and you don't understand the term, look up the definition in your dictionary. This practice of studying the definitions of unfamiliar words will help you to better understand the subject matter. I recommend that you keep notebook paper, pens, and pencils nearby while reading this book. Some chapters include practice exercises that will require writing materials. The Additional Information Sources included at the back of this book will further increase your knowledge of money management, and I suggest you make use of these sources of information. How do we get started toward the accumulation of money? Read on to Chapter 2 - Setting Goals! II I WANT TO BE RICH!

See all Editorial Reviews

Product Details

• Paperback: 121 pages
• Publisher: Reynolds Publishing Company; 1st edition (August 1, 1998)
• Language: English
• ISBN-10: 0966512804
• ISBN-13: 978-0966512809
• Product Dimensions: 8.9 x 6 x 0.4 inches
• Shipping Weight: 8.3 ounces (View shipping rates and policies)
• Average Customer Review: 5.0 out of 5 stars  See all reviews (1 customer review)
• Amazon Best Sellers Rank: #299,835 in Books (See Top 100 in Books)

More About the Author

Discover books, learn about writers, read author blogs, and more.

Customer Reviews

Most Helpful Customer Reviews

11 of 12 people found the following review helpful:

5.0 out of 5 stars A Must Read book for all teenagers regardless of background, March 19, 1999

By A Customer

This review is from: I Want to Be Rich! a Teenager's Modem to Money: Financial Planning for Teenagers (Paperback)

In "I Want To Be Rich!...A Teenager's Modem to Money" Ms. Humbolt gives the basics for financial planning that all teenagers should follow if they are going to take charge of their financial futures, rather than having their financial futures take charge of them. It is all here, budgets, taxes, inflation, wages, jobs, a college education, investing, etc. This is a book that teens should buy as an investment in their futures. The book is well suited for giving to a teen by parents, grandparents, aunts, uncles, etc. The best time start a teen on the road to financial planning is now, not 20-30 years from now.